THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES.  WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION.  FUTURES and Foreign Exchange TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS.  THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK.  THE USE OF STOPS May NOT LIMIT LOSSES TO INTENDED AMOUNTS.  SPREAD POSITIONS May NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS, foreign exchange and options. Trading futures and foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Please trade with capital you can afford to lose. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.  No SOLICITATION IS made here for individuals to buy or sell futures contracts, foreign exchange or options market. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY.  Readers are solely responsible for how they use the information and for their results. You should be aware of all the risks associated with futures and foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. The high degree of leverage that is often obtainable in futures and foreign exchange trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.  Internet Risks: There are risks associated with utilizing an Internet based Service including, but not limited to, the failure of hardware, software and Internet connection. Futurescom employs back-up systems and contingency plans to minimize the possibility of system failure

 

 

 

 

                       

FuturesCom
Morning Futures and Investment Comments
Friday November 11, 2011 

Twitter @billchippasshow            Bill Chippas Show on Facebook

Equity Indices • Treasuries • Forex • Precious Metals • Energy • Grains • Livestock • Softs

 

     

 

 

 

 

 

 

 

 

 

 

 

 

  

    

  

The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.

-- Winston Churchill --
        

        
Thursday November 10, 2011

2:00 PM South Florida Beach Time 

                        The Sensational Stock and Bond Markets
Dow Jones Industrial Average
 Support should appear near 11,690.00 to 11,640.00 and 11,500
 Resistance should appear near the 11,920.00 to 12,030.00 region

DEc E-Mini sp500
 Resistance should appear near 1253.00 and 1268.00 to 1274.00
Support should appear near 1238.00 to 1232.00 and the 1203.00 to 1192.00 region
BW Traders can buy at 1217.75 and hold for higher prices.

NAsdaq Composite
Resistance should appear near 2663.00 to 2672.00
Support should appear near 2612.00 and 2568.00 to 2552.00

DEc E-Mini NasdaQ 100
 Resistance should appear near 2354.00to 2370.00.       
Support should appear near 2275.00 to 2267.00
BW Traders can buy at 2275.00 and risk a close under 2217.00 for three days in a row.  

Dec E-Mini RUSSELL 2000
 Resistance should appear near 732.80 to 734.20 and 741.40 to 742.80 .
Support should appear near 708.80 to 707.40 and 691.90 to 690.60


DEC 30 YR BOND
Resistance should appear near 142-07 and 142-21.
Support should appear near 140-21 and 140-07

DEC 10 yr Note
 Resistance should appear near 131-07 and 131-21
Support should appear near 129-21 and 128-21. 
                           The Frenzied Forex Front
 dec dOLLAR iNDEX
 Resistance should appear near 7930 to 7954.       
Support should appear near 7777 to 7763.
 
dec JAPANESE Yen
 Resistance should appear near 13040 to 13100.
BW Traders can sell at 13035 and hold for lower prices.  
Support should appear near 12740 to 12680                  

dec EURO currency
 Support should appear near 13460 to 13340   
Resistance should appear near 13615 and 13770 to 13830    

 dec SWISS FRANC
 Resistance should appear near 11300 to 11360       
Support should appear near  11010 to 10960 and 10680 to 10580     

DEC BRITISH POUND
Support should appear near 15760 to 15690
Resistance should appear near 16090 to 16150.

DEC CanadIAN Dollar
 Resistance should appear near 9821 to 9837
Support should appear near the 9641to 9625 region.

DEC AUSSIE DOLLAR
 Resistance should appear near 10104 to 10136 and 10237
Support should appear near 10037 to 10021

                             The Precious Metals
 december gold
 Resistance should appear near 1774.0 to 1780.0.     
Support is near 1738.0 to 1731.0  

DEC COPPER
 Resistance should appear near 34250 to 34420  
Support should appear near 32700 to 32610
    
DEC Silver 
 Resistance should appear near 3425 to 3443 and 3493 to 3503  
Support is at 3328 to 3319 and 3213 to 3194.
BW Traders can buy the SLV ETF at 3160 and hold for higher prices

                                      

                                 The Exciting Energies  
December CRUDE Oil
Resistance should appear near 9821 to 9837
Support should appear near 9542 to 9526   

DECEMBER HeaTING Oil
 Support should appear near 30450 to 30360  
Resistance should appear near the 31940 to 32130  region          

DECEMBER UNLEADED Gas
 Support should appear at 26200 to 26120 and 25680 to 25520      
Resistance should appear near 26630 to 26720 and 27580 to 27750  

DECEMBER  NATURAL Gas
Support should appear at 3623 to 3613 region      
Resistance should appear near 3858 to 3867                                                                    

                                THE GRANDE’ GRAINS
 JANAUARY SOYBEANS
Support should appear near 1136 to 1130
Resistance should appear near 1192 to 1203

DECEMBER SOYMEAL
Resistance should appear near 303.6 to 304.5              
Support should appear near 293.7 to 292.8   

DECEMBER BEAN OIL
Resistance should appear near 5127 to 5139      
Support should appear near the 4995 to 4973 region


 

DEC CORN
Resistance should appear near 657 ¾ to 659 ¼ and 665 ¾ to 667 ¼       
Support should appear 643 to 641 ¾ and 635 to 633 ¾   
 
DECEMBER WHEAT
Resistance should appear near the 633 ¾ to 635.     
Support should appear 603 ½ to 602 ¾
   
                                       THE LIVELY LIVESTOCK
 DEC CATTLE
Support should appear near 12030 to 11920
Resistance should appear near  12320 to 12380

DEC HOGS
Resistance should appear near 8567 to 8582 and the 8667 to 8682 region.  
Support should appear near 8502 to 8482 and the 8407 to 8382 region. 

FEB HOGS
Resistance should appear near 8762 to 8777  
Resistance should appear near  8592 to 8562       
                                 The Satisfying Softs
 MARCH COFFEE
Support should appear near 23220 to 23150 and the 22750 to 22610 region
Resistance should appear near 23700 and 24110 to 24190 region... 
BW Traders can sell at 24100 and hold for lower prices.  ,
BW Traders should go short if a close under 231.00 occurs. Stay tuned for flashes
 
MARCH COCOA
Resistance should appear near 2663 to 2672           
Support should appear near 2519 to 2511     

MARCH SUGAR
Resistance is at 2612 to 2620      
Support should appear near 2519 to 2511  

MARCH COTTON
Resistance should appear near 9921 to 9937
Support should appear 9445 to 9429 
 
            --A Ship in Harbor is Safe...But that is not what ships are built for --
Happy Trading!   
Bill wil@futurescom.com
 Thursday November 10, 2:30 PM South Florida Beach Time